Asset Management - Private Banking, Investment Professional, UHNW Closely Held Business Group, New York
Job Description
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.1 trillion, $164.7 billion in stockholders' equity and operations in more than 60 countries. Our clients include millions of U.S. consumers and many of the world's most prominent corporations, institutions, and governments.
Our Asset Management franchise, which includes J.P. Morgan Private Bank, is one of the largest asset and wealth managers in the world. We serve ultra high net worth and high net worth clients through the Private Bank. For more than 160 years, J.P. Morgan Private Banking has helped the world's wealthiest individuals, families, foundations, and endowments grow, manage, and sustain their wealth through personalized, comprehensive financial solutions.
With client advisors in 120 offices in 25 states and 14 countries, the Private Bank provides clients with a global perspective delivered through a local, dedicated team of specialists focused on fundamental wealth management disciplines, including investment management, wealth structuring, philanthropy, banking, and credit.
Position Summary:
Provide support to team consisting of Investors in all facets of daily business routine, while maintaining awareness of and sensitivity to confidential nature of Private Banking clients.
Essential Functions:
- Proactively generate ideas to touch clients
- Preparing, Reviewing and approving Investment Performance review presentations for Investors to deliver to clients
- Market, product and client research
- Brokerage trade execution (mostly reactive, however some proactive)
- Discretionary Accounts - can set up trades but not submit for execution
- Risk Management - monitor exceptions and work with Investors to resolve 'what-if' scenario based analysis and developing Investment Plans for Investors to present to clients, and using JPM wealth modeling tools
- Analysis /interpretation of client data
- Assisting in development of client presentations
- Work with Team Leader to monitor Investor loadings
- Manage road show invitations
- Manage sales management priorities and track follow up
- Create Mandates/DPMs - Must be reviewed by Investor for approval and signoff before delivering
- Monitoring of fee schedules and billing,
- Review brokerage trades - compare paper blotter to trade blotter daily
- Alternatives document management
- Cancel/corrects
- Account updates
- Answering phones and helping clients or taking a message
- Series 7 & 63 registration required
- College degree required
- Minimum 1-2 years industry related experience
- PowerPoint and Excel expertise required
- Familiarity with Bloomberg and JP Morgan Private Bank systems
- Excellent interpersonal skills, both written and oral
- Self-starter, extremely organized and detailed-oriented with strong commitment to accuracy
- Ability to multi-task and manage priorities effectively
- Good judgment and problem solving skills
- Absolute discretion when dealing with confidential matters
- Ability to work both independently and as a team player
- Exceptional follow-up and follow-through skills
- General comfort level with Internet/Intranet usage and ability to learn proprietary software
